There’s not a lot going on this morning, but oil is kind of interesting, down nearly 2.5% as I’m typing this due to concerns that the U.S. producers will be ramping up their output due to stronger prices. For weeks now, oil has been in a very tight range of only about $2. The key, […]

First published Sun Jan 1 for members of ElliottWaveTrader.net: Last weekend (Christmas weekend), I noted that set ups such as we have been seeing in the GDX usually lead to strong rallies which can see a 10% move higher quite quickly. Since then, the GDX ran 19% from its recent lows, with Thursday (Dec 29) alone […]

2017 is likely to be an interesting year, and the tape has already shaken off the December cobwebs and is moving again. On the bigger picture the chart below is how I’m seeing SPX on the monthly chart here, and the key message is that the bull market from the 2009 low here is most […]

Welcome to a new trading year, everyone. It looks like the animal spirits continue to run strong for equities, as just about every asset class is in the green. One zone in particular which is looking like it’s truly breaking out for another leg up is crude oil. Perhaps the big OPEC deal has more […]

Chile may not jump right to mind as a technology hub. But it turns out that Chile is home to some of the world’s largest and most extraordinary technology projects, stretching from Santiago to the Atacama Desert. Hello World’s host Ashlee Vance traveled to Chile for two weeks to explore the country’s tech scene. SHOW…

FOMC day again today and as ever I’m astounded by the number of people hanging onto Yellen’s every word, and what a market moving event this tends to be. Even more amazing is the importance that everyone seems to attach to the Fed’s ‘control’ of interest rates, and in the event that they show a […]